Lebanese pound hits record low of 100,000 to the dollar – The National

Lebanese pound hits record low of 100,000 to the dollar – The National

Lebanon’s currency has hit a record low to the dollar, with 100,000 pounds — the value of the country’s largest banknote — now worth only $1.

The new rate, which became a reality on Tuesday, had been expected in recent weeks as the value of the local currency continued to plummet almost unabated.

Before the country's economic crisis, 100,000 pounds was worth $67.